According to BlockBeats, Riot Platforms, a Bitcoin mining company, reported a net income of $219.5 million in the second quarter of 2025. This marks a significant turnaround from a nearly $300 million net loss in the first quarter. Despite this improvement, the company has incurred a net loss of $76.9 million so far this year.
The cost of mining a single Bitcoin has increased by 93% compared to the same period last year, attributed to the rise in the global average network hash rate. During the second quarter, Riot Platforms produced 1,426 Bitcoins, bringing its total holdings to 19,273 Bitcoins. This positions the company as the fourth-largest holder among publicly listed companies worldwide.